In the state of Kansas, it is up to the state Treasurer to account for and return found money to the rightful owners. And it seems that Ron Estes is up for the job. With a regularly updated website and an active campaign designed to help rid the state of this lost and found money problem forever, it seems that Kansas is doing all the right things when it comes to managing the untold sums that continue to flow in year after year. Where does lost and found money come from and how is Ron Estes helping people locate that money? Let’s delve a little deeper to find out.
Where Does Lost and Found Money Come From?
According to Estes, much of the found money in the state’s accounts originates from bank and stock accounts that have been abandoned. The money also comes from lost wages that never found their way to the hard-working people that earned them. With all of this money coming in, Estes knew that he had to find a way to return all of the found money to the original owners. A new campaign was born.
Reuniting the Rightful Owners with Found Money
When money is found to be abandoned by the state, it is forwarded to Estes’ office, where he is in charge of managing it. There are thousands of individuals on the list, representing all the individuals and businesses that have lost money along the way, and thus it wouldn’t really be cost-effective for the Treasurer’s office to contact all of those in question. The solution was to revamp the state Treasurer’s website to better educate residents about the lost and found money problem.
According to the Kansas State Treasury website, nearly 150,000 people have been reunited with lost and found money. The call-to-action to search for lost and found money is being made to current and former residents, as money can be held for several years before it is considered abandoned. Depending on where the money was lost from and also found may also take years to be tracked and accounted for before it can be paid out properly. With lost funds coming from all sorts of instances and too many situations to count you can start to see why it can take so long for this money to even be accounted for.
If you live in Kansas or you used to live there, help Estes cut back on the amounts of lost and found money he has to account for on a daily basis. Not only will you help him do his job more efficiently, that found money will get put back into circulation thus strengthening the economy. Heck, you might even have some extra spending money to boot.